TechFlow, December 5 — According to Globenewswire, CEA Industries (NASDAQ: BNC), a publicly traded company, issued a statement on December 5 responding to questions raised by shareholder YZi Labs, reaffirming its strong commitment to the BNB token.
The company explicitly stated that since the PIPE investment in July, it has never considered adopting an alternative token for its Digital Asset Treasury (DAT) strategy, nor has it initiated any competing DAT project. As of December 4, the company holds 515,554 BNB tokens, with a market value of approximately $464.6 million based on a price of $901.27 per token. The company expressed openness to shareholder feedback and has proactively reached out to YZi Labs to establish a dialogue channel to jointly discuss concerns and potential solutions. Shareholders are currently not required to take any action.
Previous report, YZi Labs accused CEA Industries, the treasury entity holding BNB, and its asset manager 10X Capital of "mismanagement and threatening to abandon the BNB strategy."
